The decentralized ride-hailing application Teleport is about to shut down, and will support users in transferring their remaining USDC balance and exporting the Private Key.

PANews reported on January 31 that the decentralized ride-hailing application Teleport on the Solana blockchain posted an announcement on X platform: “The platform is about to close, which is not the desired outcome, but we are very grateful to this community and all the passionate people who believe in the vision. It is regrettable that we have not found a way to keep this business running smoothly. In the future, a more detailed analysis will be released to explain the reasons for this decision, but for now, the focus is on a orderly shutdown. The Teleport application will support the transfer of any remaining USDC balance and export users’ Private Key until February 28, 2025.”